Easterly Investment Partners LLC Cuts Stake in NCR Atleos Corporation $NATL

Easterly Investment Partners LLC lowered its stake in shares of NCR Atleos Corporation (NYSE:NATL) by 15.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,121 shares of the company’s stock after selling 14,535 shares during the period. Easterly Investment Partners LLC’s holdings in NCR Atleos were worth $3,130,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Eurizon Capital SGR S.p.A. purchased a new stake in shares of NCR Atleos during the fourth quarter worth about $31,000. Jones Financial Companies Lllp boosted its position in NCR Atleos by 407.5% during the third quarter. Jones Financial Companies Lllp now owns 878 shares of the company’s stock worth $34,000 after acquiring an additional 705 shares during the last quarter. Global Retirement Partners LLC boosted its position in NCR Atleos by 134.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,210 shares of the company’s stock worth $46,000 after acquiring an additional 694 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in NCR Atleos by 36.1% during the third quarter. Public Employees Retirement System of Ohio now owns 2,083 shares of the company’s stock worth $82,000 after acquiring an additional 552 shares during the last quarter. Finally, iSAM Funds UK Ltd acquired a new position in NCR Atleos during the third quarter worth about $120,000. Hedge funds and other institutional investors own 88.66% of the company’s stock.

NCR Atleos Price Performance

Shares of NATL opened at $44.63 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.98 and a debt-to-equity ratio of 6.83. NCR Atleos Corporation has a fifty-two week low of $23.56 and a fifty-two week high of $48.50. The company has a market cap of $3.29 billion, a P/E ratio of 19.24 and a beta of 0.58. The firm’s 50 day moving average price is $44.34 and its 200 day moving average price is $41.19.

NCR Atleos (NYSE:NATL) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.24). NCR Atleos had a return on equity of 78.64% and a net margin of 3.98%.The firm had revenue of $1.04 billion for the quarter. During the same period in the previous year, the business earned $0.64 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, research analysts forecast that NCR Atleos Corporation will post 4.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NATL has been the topic of a number of recent research reports. Zacks Research lowered shares of NCR Atleos from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Wedbush downgraded shares of NCR Atleos from an “outperform” rating to a “hold” rating and lifted their target price for the stock from $45.00 to $50.40 in a research note on Friday, February 27th. DA Davidson reaffirmed a “neutral” rating and set a $50.00 target price on shares of NCR Atleos in a research note on Monday, May 11th. Weiss Ratings downgraded shares of NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Finally, Stifel Nicolaus set a $50.40 price target on shares of NCR Atleos in a research note on Wednesday, March 4th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, NCR Atleos has a consensus rating of “Hold” and a consensus target price of $50.27.

About NCR Atleos

NCR Atleos Corporation operates as a financial technology company in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Self-Service Banking, Network, and Telecommunications & Technology (T&T). The Self-Service Banking segment offers solutions, including a line of automated teller machine (ATM) and interactive teller machine (ITM) hardware and software, as well as related installation, maintenance, and managed and professional services; and solutions to manage and run the ATM channel end-to-end for financial institutions comprising back office, cash management, software management and ATM deployment, and others.